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South Korean Won KRW

 

Detailed information and fundamental factors

Central Bank: Bank of Korea

Interest Rate: 0.50%

Public Debt to GDP Ratio, 2017: 43.3%

Trade Balance, 2018: $81.2 bln.

Inflation, 2019: 0.4%

Sovereign Credit Ratings:

Fitch
AA-
Stable
Moody's
Aa2
Stable
S&P
AA
Stable

Supporting Factors

Major industrial exporter

medium

High-yielding interest rates

weak

Factors of Weakness

Military instability on the Korean peninsula

Currency manipulation in favor of country's exporters

medium

The South Korean won is the currency officially used in South Korea. It was introduced in 1962 and allowed to float freely in 1997.



South Korean Won News Archive

USD/KRW Unchanged As Data Disappoints Struggling South Korean Economy

The South Korean won is trading sideways against the US dollar on Tuesday as the national economy failed to improve in August as the effects of COVID-19 continue to linger in one of Asia’s biggest economies. With the coronavirus pandemic diminishing in Seoul, could one of Asia’s worst-performing currencies turn things around in the final quarter of 2020?

South Korean Won Mixed As Inflation, Manufacturing PMI Drive Currency

The South Korean won is mixed in the middle of the trading week as inflation and manufacturing data drive one of the worst-performing Asian currencies this year. Although the won has recovered against the greenback since June, the currency has come under a lot of pressure based on the recession and a coronavirus resurgence. Could the won retest 1,200 by the year’s end?

South Korean Won Choppy As Investors Fear Potential COVID-19 Lockdown

The South Korean won is trading choppy in the middle of the trading week as investors begin to weigh the possibility of another lockdown related to the coronavirus pandemic. Despite South Korea flattening the curve in March, the nation has been experiencing an uptick in infections for most of August. The country is already in a recession, so another wave of restrictions could exacerbate the downturn.

South Korean Won Weakens on Exports, Manufacturing Data

The South Korean won is weakening against some of its major currency competitors on Tuesday as macroeconomic data came into focus. The won has had a disappointing year so far, slumping in the aftermath of the coronavirus pandemic and disappointing economic figures. Is a rebound in sight amid its first recession in nearly 20 years?

South Korean Won Flat As Central Bank Cuts Interest Rates to Record Low

The South Korean won is trading flat against its currency rivals on Thursday as investors weigh the central bank’s decision to cut interest rates to an all-time low. Policymakers warned that the economic fallout from the coronavirus pandemic would be worse for South Korea than the global financial crisis a decade ago. But while it looks like Seoul has the public health crisis under control, officials have been […]

South Korean Won Struggles for Direction as Output, Retail Sales Beat Forecasts

The South Korean won is looking to extend its gains on Thursday as economic data keeps beating market forecasts. The won, which had weakened due to reports of North Korean leader Kim Jong-un’s deteriorating health, is set for a considerable gain in April – and analysts say its best days are ahead as Seoul weathers the storm.

South Korean Won Weakens on Kim Jong-un ‘Grave Danger’ Reports

The South Korean won has been weakening against multiple currency rivals since it was first reported that North Korean Supreme Leader Kim Jong-un’s health is in “grave danger.” The won has slightly recovered, but investors appear to be waiting for confirmation that the dictator is in good shape. Since rising to power, Kim has been engaging with South Korea, and analysts fear that relations […]

Won Drops After South Korean Inflation Reaches Record Low

The South Korean won declined against the US dollar today after South Korea’s inflation fell to the lowest level on record.

South Korean Won Falls vs. US Dollar After North Korean Missile Test

North Korea performed yet another missile test, but markets were not disturbed by the event much. Nevertheless, the South Korean won fell a bit against the US dollar.

South Korean Goes Down as Geopolitical Tensions Continue to Mount

The South Korean won dropped today, joining many other Asian currency in a decline, as mounting geopolitical tensions continued to spoil the investors’ mood.

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